The End of an Oil Power – How Russia Lost Its Giant Status

Welt

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The reactions to the global oil markets after the "Maduro" earthquake reveal the new power relations. While US shares benefit, Russian values decline. This is due to the new role that Russian oil has on the world market. A role that the Kremlin cannot please.

Die Presse

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For Russia, it is bad that its economy is so much dependent on the oil price. But even worse, as the world's third largest producer, it can no longer determine it, as an expert claims.